MS HB1515

Exempts zero turn mowers, mini-excavators, discs, bush hogs, box blades, and similar equipment from ad valorem (property) taxation while held by bona fide dealers as merchandise inventory

Expands existing exemptions that already apply to motor vehicles and motor-propelled farm implements in dealer inventory

Amends Section 27-51-41 of the Mississippi Code of 1972 to add this new exemption category

Does not affect any tax claims, assessments, or enforcement actions for taxes accrued before the effective date

Effective date: January 1, 2018